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As yuan skids, markets bet more depreciation is in store

As yuan skids, markets bet more depreciation is in store
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As yuan skids, markets bet more depreciation is in store | Hellenic Shipping News Worldwide

As yuan skids, markets bet more depreciation is in store | Hellenic Shipping News Worldwide
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Analysis-As yuan skids, markets bet more depreciation is in store By Reuters

Analysis-As yuan skids, markets bet more depreciation is in store By Reuters
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Analysis-As yuan skids, markets bet more depreciation is in store

China's yuan is sliding and market participants suspect authorities are deliberately but slowly engineering a light depreciation of the currency, both to complement an easy monetary policy and to support exports. While the yuan has declined roughly 2% this year against the dollar, it has become relatively less competitive as Japan's yen and currencies of other neighbours South Korea, Thailand and Taiwan drop more sharply. The People's Bank of China (PBOC) also appears to have loosened its grip on the yuan, allowing it to fall to the weak side of the 7.2-per-dollar level that state-owned banks had staunchly defended in the past, though it has continued to lend some support through stronger-than-expected settings of the daily mid-point for the currency. ....

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As yuan skids, markets bet more depreciation is in store

Many suspect authorities are deliberately but slowly engineering a light slide ....

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